The European Commission approved the Greek Recovery and Resilience Plan (RRP), Greece 2.0, of a total budget of 30.5 billion euros.

The presentation of the Greece 2.0 Plan was made in the “Ancient Agora” of Athens by the Greek Prime Minister Kyriakos Mitsotakis and the President of the European Commission Ursula Gertrud von der Leyen.

“This is an important step towards disbursing € 17.8 billion in grants and € 12.7 billion in loans under the Recovery and
Resilience Mechanism (RRF) for the period 2021-2026″ the EU Commission said.

The Greek Recovery and Resilience Plan (RRP), Greece 2.0, aspires to change the Greek growth model and institutions. The Plan will support critical investments and reforms and help Greece emerge stronger from the Covid –19 pandemic .

Once approved by the E. Commission, the Plan will get the “green light” from the EU Council in July. This will allow the disbursement of a 4 billion euro in pre-financing to Greece. This amount represents 13% of the total amount that will be allocated to Greece.

The Commission evaluated Greece ‘s Plan on the basis of the criteria set out in the RRF Regulation.

It was examined whether the investments and reforms support the green and digital transition, whether they contribute to the effective addressing of the challenges identified in the European Semester and whether the growth dynamics, job creation and economic and social resilience are strengthened.